NUMBER OF THE DAY
That’s how many startups were bought out in Japan last year — an +100% increase compared to 2020.
💰 Background: From 2030, the Tokyo Stock Exchange plans to delist companies that fail to reach a market cap of 10 billion yen (around 66M USD) within five years of their IPO. Over 60 % of the roughly 600 young firms on its growth market fall below that threshold. To avoid being pushed out, many founders are now choosing to sell instead of going public.
🇯🇵 Mindset shift: For decades, an IPO symbolized social status in Japan. Now, M&A is becoming the new badge of success, driven by Japanese corporations racing to acquire tech capabilities. Venture funds like Goldman Sachs and KKR are selectively joining in to benefit from the consolidation trend.
The China Survival Guide for Western Businesses
Entity setup, WeChat strategy, hiring your first local team. 12+ years on the ground in Shanghai.
